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For sale
    • Price cut: $10K (7/31)
    $550,000

    506 Peterson Lake Rd, Collierville, TN 38017

    3beds
    3,411sqft
    : 
    $3,458/mo
    Get pre-qualified
    Single Family Residence
    Built in 1960
    1.17 Acres Lot
    $537,300 Zestimate®
    $161/sqft
    $-- HOA

    What's special

    Breakfast barGenerous kitchen islandThree bedroomsPremium stainless-steel appliancesQuartz countertopsHardwood flooring throughout
    Move-in ready, totally updated single-level home offers three bedrooms and three full bathrooms, with an open layout that’s perfect for hosting family and friends. Both the primary suite and the guest suite feature private en-suite baths, and the home is finished with hardwood flooring throughout, premium stainless-steel appliances, quartz countertops, a generous kitchen island, and a breakfast bar. Multiple living spaces—including a dining room, living room, gathering room, and an all-weather sunroom—provide ample space to relax or entertain. The primary suite includes a walk-in closet, double-sink vanity, and a spacious walk-in shower. The guest suite also features a walk-in shower and quartz surfaces, while the hall bath offers a tub/shower combination. Set on a landscaped 1.18-acre corner lot, the outdoor space is ideal for gatherings and recreation.
    158 days
    |
    433
    |
    20
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jennifer Williams,

    Hobson, REALTORS 901-761-1622

    Source: MAAR,MLS#: 10215638MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      Rooms
      • Room types: Attic
      Primary bedroom
      • Features: Walk-In Closet(s), Hardwood Floor
      • Level: First
      • Dimensions: 0 x 0
      Bedroom 2
      • Features: Private Full Bath
      • Level: First
      Bedroom 3
      • Features: Shared Bath
      • Level: First
      Primary bathroom
      • Features: Double Vanity, Full Bath
      Dining room
      • Features: Separate Dining Room
      • Dimensions: 0 x 0
      Kitchen
      • Features: Updated/Renovated Kitchen, Eat-in Kitchen, Breakfast Bar, Kitchen Island, Washer/Dryer Connections
      Living room
      • Features: Separate Living Room, Separate Den
      • Dimensions: 0 x 0
      Den
      • Dimensions: 0 x 0
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Vent Hood/Exhaust Fan, Range/Oven, Gas Cooktop, Disposal, Dishwasher, Microwave, Refrigerator
      • Laundry: Laundry Room
      Features
      • All Bedrooms Down, 1 or More BR Down, Primary Down, Renovated Bathroom, Double Vanity Bath, Full Bath Down, Walk-In Closet(s), Living Room, Dining Room, Den/Great Room, Kitchen, Primary Bedroom, 2nd Bedroom, 3rd Bedroom, 1 Bath, 2 or More Baths, Laundry Room, Sun Room, Square Feet Source: AutoFill (MAARdata) or Public Records (Cnty Assessor Site)
      • Flooring: Hardwood, Tile
      • Basement: Crawl Space
      • Attic: Permanent Stairs,Walk-In
      • Number of fireplaces: 1
      • Fireplace features: Masonry, Decorative
      Interior area
      • Total interior livable area: 3,411 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Driveway/Pad
      • Covered spaces: 2
      • Has uncovered spaces: Yes
      Features
      • Stories: 1
      • Exterior features: Other (See REMARKS)
      • Pool features: None
      Lot
      • Size: 1.17 Acres
      • Dimensions: 144 x 352
      • Features: Some Trees, Level
      Details
      • Parcel number: C0244P E00002

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Single Family Residence
      Materials
      • Brick Veneer
      • Roof: Composition Shingles
      Condition
      • New construction: No
      • Year built: 1960

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Collierville Heights Re S/d
      Location
      • Region: Collierville

      Financial & listing details

      • Price per square foot: $161/sqft
      • Tax assessed value: $516,900
      • Annual tax amount: $5,569
      • Price range: $550K - $550K
      • Date on market: 2/28/2026
      • Cumulative days on market: 159 days

        Estimated market value

        $537,300

        $510,000 - $564,000

        $2,705/mo

        Price history

        DateEventPrice
        7/31/2026Price change$550,000-1.8%$161/sqft
        Source: MAAR #10215638 Report a problem
        6/18/2026Price change$560,000-5.9%$164/sqft
        Source: MAAR #10215638 Report a problem
        4/15/2026Price change$595,000-8.3%$174/sqft
        Source: MAAR #10215638 Report a problem
        2/28/2026Listed for sale$649,000+23.6%$190/sqft
        Source: MAAR #10215638 Report a problem
        5/23/2025Sold$525,000-12.4%$154/sqft
        Source: MAAR #10194296 Report a problem
        5/9/2025Pending sale$599,000$176/sqft
        Source: MAAR #10194296 Report a problem
        4/15/2025Price change$599,000-3.2%$176/sqft
        Source: MAAR #10194296 Report a problem
        2/3/2025Price change$619,000-3.1%$181/sqft
        Source: Owner Report a problem
        11/20/2024Listed for sale$639,000-3.9%$187/sqft
        Source: Owner Report a problem
        11/10/2024Listing removed$665,000$195/sqft
        Source: MAAR #10183012 Report a problem
        10/10/2024Listed for sale$665,000-0.7%$195/sqft
        Source: MAAR #10183012 Report a problem
        9/16/2024Listing removed$670,000$196/sqft
        Source: MAAR #10181017 Report a problem
        9/11/2024Listed for sale$670,000$196/sqft
        Source: MAAR #10181017 Report a problem
        9/4/2024Listing removed$670,000$196/sqft
        Source: MAAR #10178933 Report a problem
        8/10/2024Listed for sale$670,000$196/sqft
        Source: MAAR #10178933 Report a problem
        8/10/2024Listing removed--
        Source: MAAR #10160629 Report a problem
        6/3/2024Price change$670,000-0.7%$196/sqft
        Source: MAAR #10160629 Report a problem
        3/6/2024Price change$675,000-3.6%$198/sqft
        Source: MAAR #10160629 Report a problem
        2/6/2024Price change$699,900-6.7%$205/sqft
        Source: MAAR #10160629 Report a problem
        11/9/2023Listed for sale$750,000+65.7%$220/sqft
        Source: MAAR #10160629 Report a problem
        6/26/2023Sold$452,500-9.5%$133/sqft
        Source: MAAR #10134105 Report a problem
        6/15/2023Pending sale$500,000$147/sqft
        Source: MAAR #10134105 Report a problem
        6/8/2023Contingent$500,000$147/sqft
        Source: MAAR #10134105 Report a problem
        5/29/2023Price change$500,000-9.1%$147/sqft
        Source: MAAR #10134105 Report a problem
        3/26/2023Listed for sale$550,000$161/sqft
        Source: MAAR #10134105 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,570 +1.6%$129,225 +23.3%
        2024$5,481 $104,800
        2023$5,481 $104,800
        2022-- $104,800
        2021-- $104,800 +32%
        2020$3,215 $79,375
        2019$3,215 $79,375
        2018$3,215 -29.4%$79,375
        2017$4,556 +73.5%$79,375 +32.1%
        2016$2,625 +209.8%$60,075
        2014$847 $60,075
        2013-- $60,075 +1.4%
        2012-- $59,250
        2011-- $59,250
        2010-- $59,250 -11.4%
        2009-- $66,850 +16.7%
        2008-- $57,300
        2007-- $57,300
        2006-- $57,300
        2005-- $57,300 +18.8%
        2004-- $48,250
        2003-- $48,250
        2002-- $48,250
        2001-- $48,250 +12.7%
        2000-- $42,800
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 38017

        Getting around

        13 / 100
        Car-Dependent
        29 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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